Stryker Corporation (SYK)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		1.54	1.49	1.58	1.64	1.72	1.69	1.70	1.77	1.85	1.76	1.69	1.58	1.52	1.50	1.50	1.55	1.74	1.56	1.54	1.56
DOH	days	237.59	244.35	231.55	223.00	212.22	216.02	214.41	206.29	197.00	207.90	216.40	231.28	240.90	243.87	243.57	235.23	209.66	233.96	236.77	233.38

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.54
= 237.59

The days of inventory on hand (DOH) for Stryker Corp. have shown some fluctuations over the past eight quarters. In Q4 2023, the DOH was 237.59 days, which decreased from 244.35 days in Q3 2023. This reduction indicates a slightly more efficient management of inventory levels.

Comparing the most recent data to the same quarter of the previous year, the DOH has been increasing gradually. In Q4 2022, the DOH was 212.22 days, reflecting an expansion in the time it takes to sell inventory compared to the current period.

Overall, the trend in DOH for Stryker Corp. suggests that there have been fluctuations in inventory management efficiency. Monitoring this ratio closely can provide valuable insights into the company's inventory control practices and supply chain management effectiveness.